Cellebrite To Acquire Digital Clues For Undisclosed Terms - Cellebrite DI (NASDAQ:CLBT)

Digital Intelligence (DI) solutions provider Cellebrite DI Ltd CLBT agreed to acquire the assets of open-source intelligence firm Digital Clues AG. The financial terms of the transaction remain undisclosed.
Israel-based Digital Clues has a team of over 20-persons, possessing a contingent of Research & Development specialists and a leadership team with experience across intelligence, big data, and security for public safety agencies and enterprises.
Digital Clues technology is available both as a SaaS offering and as on-premise software.
The acquisition strengthens Cellebrite's Digital Intelligence platform, reinforcing its position as the end-to-end technology partner capable of digitizing the entire investigative workflow. The purchase will also help to grow its footprint within law enforcement intelligence and investigation units across the globe.
The acquisition will likely close in the Q4 of 2021.
Cellebrite held $251.3 million in cash and equivalents as of June 30.
Price Action: CLBT shares closed higher by 0.2% at $9.96 on Friday.